Insta
Adani Group Wins Bids To Upgrade And Operate Five AAI Airports Including Ahmedabad, Lucknow Under PPP Model
Swarajya Staff
Feb 25, 2019, 04:16 PM | Updated 04:16 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The Adani group has won bids to upgrade and operate five airports that Airports Authority of India had listed for PPP management, reports Economic Times.
The operation period of these airports are 50 years.
A total of 32 technical bids were received from 10 companies to operate six airports that are currently under AAI dispensation.
In November last year, the government had cleared the proposal for managing six AAI-run airports on public-private-partnership (PPP) basis.
AAI had sought bids for the operation and management of existing airport assets as well as their upgradation and development of additional air-side terminals, city-side and land-side infrastructure for Ahmedabad, Guwahati, Jaipur, Lucknow, Mangalore and Thiruvananthapuram airports under a single stage bidding process.
The request for proposal (RFP) was officially floated on 14 December 2018, and the last date for the submission date was 16 February 2019.
The NDA government is banking on the successful conclusion of the bidding process by 28 February 2019 to help it reach the budgeted disinvestment target of Rs 80,000 crore for FY19.
Adani Group and GMR Infrastructure Ltd had bid for the airports listed privatisation while another major Indian airport operator GVK and Singapore’s Changi Airports International (CAI) did not participate. Bidding for Guwahati airport is yet to begin.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.